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Feb 26, 2013
02/13
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock, in italy and in washington, cause investors to dump stocks. it's the worst day for wall street since the november elections. >> tom: i'm tom hudson. with $85 billion in federal spending cuts just days away, we talk with congresswoman cathy mcmorris rodgers. >> susie: and the man who founded barnes and noble wants to buy his bookstores back, but he has no interest in the company's electronic book reader b&n's nook business. >> tom: that and more tonight on "n.b.r."! >> susie: a sharp sell off on wall street today, as stocks suffer
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock,...
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Feb 5, 2013
02/13
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KRCB
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in january, the u.s. mint temporary suspended sales of 2013 american eagle silver coins, because it ran out of them. a mind-boggling seven-and-a-half million coins were purchased in january; the biggest month on record. the total was just one and a half million ounces the month before. over six million coins were sold in january of last year. yes, there's always strong collector interest at the start of every new year. but this year, there's also strong demand from silver investors, and traders. >> this year, for the last three months, all i've been hearing down here is i want to buy silver coins. i want to buy silver coins. >> reporter: some are buying silver out of fear about inflation. specifically, they worry the federal reserve's efforts to boost the economy will devalue the dollar, so they want to own alternative currencies. but silver doesn't just benefit from safe-haven buying, it's also an industrial commodity. it's used in automobile manufacturing. and many automakers are forecasting increased g
in january, the u.s. mint temporary suspended sales of 2013 american eagle silver coins, because it ran out of them. a mind-boggling seven-and-a-half million coins were purchased in january; the biggest month on record. the total was just one and a half million ounces the month before. over six million coins were sold in january of last year. yes, there's always strong collector interest at the start of every new year. but this year, there's also strong demand from silver investors, and...
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Feb 26, 2013
02/13
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. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the end of a surprisingly good earnings season, and a muddled outlook for corporate profits in 2013. >> we've seen first quarter earnings growth expectations shrink to just a little over 0% from expectations of 3% or 4%. so, it's almost as if for every percentage point companies were beating fourth quarter numbers analysts were cutting the first quarter numbers by a similar amount. >> reporter: so even if sequestration doesn't kill the stock market rally. it could certainly amplify a correction that may have already gotten started. suzanne pratt, "n.b.r.," new york. >> tom: as suzanne mentioned, we're
. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the...
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Feb 16, 2013
02/13
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KRCB
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. play awesome electric company games and earn points for your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? i'm great at telling people what to do. hey kids! pick up that trash. kidding with these, right? hey! (sneezing) bless you! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off tonight. the easy talk, but difficult plans to meet the challenge of creating more middle class jobs. finance ministers and central bankers from the world's biggest economies meet to debate spending cuts versus growth. we look at international investing and pockets of strength around the globe. and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-y
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. play awesome electric company games and earn points for your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? i'm great at telling people what to do. hey kids! pick up that trash. kidding with these, right? hey! (sneezing) bless you! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off...
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Feb 25, 2013
02/13
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WETA
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this deal markets just the latest buyout of u.s. energy fields by a foreign company.thes in health care with irish drf maker elathete drgta of an offer from a pharmaceutical investment firm.rg royalty pharma said it approached elan last week about a take over. after talks, the offer was $6.6 billion, or $11 per share. e e two companies reportedly havnot had any talks since. shares of elan rallied 5.1%, closing above the offer price, indicating the market thinks a higher price could be coming. just this montnnelan ahounced a $3.3 billion deal tsell ian i share of multiple sclerosis drug the drug accounts for most of elan's revenue. bio-pharmaceutical company affymax was a half billion dollar firm friday. tonight its market value is un mr 00$1illion with its share price cratering 85%.00 after reports of severe allergic reactions, and some deaths in kidney disease patients taking its anemia drug, affymax yanked the medi tneff ohe market.ff ur tfo of four of the five most actively traded exchange traded products owwe lreer.er the s&p 50
this deal markets just the latest buyout of u.s. energy fields by a foreign company.thes in health care with irish drf maker elathete drgta of an offer from a pharmaceutical investment firm.rg royalty pharma said it approached elan last week about a take over. after talks, the offer was $6.6 billion, or $11 per share. e e two companies reportedly havnot had any talks since. shares of elan rallied 5.1%, closing above the offer price, indicating the market thinks a higher price could be coming....
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360
Feb 23, 2013
02/13
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. just go online to pbskidsgo.org. we have behind-the-scenes, entire episodes, and loads of brand-new games all the time. but n't just take my wd for it, go, check it out for yourself. play your harmonica like you mean it! this is going to go on a long time! and i'm not sorry to do it! i love that thing! i like your hat! i like your shoes! (laughter) captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off tonight. from less money in your paycheck, to paying more at the gas pump, consumers are feeling the pinch, now company's dependent on spending, are feeling the heat. then there's coming government spending cuts. does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt y
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. just go online to pbskidsgo.org. we have behind-the-scenes, entire episodes, and loads of brand-new games all the time. but n't just take my wd for it, go, check it out for yourself. play your harmonica like you mean it! this is going to go on a long time! and i'm not sorry to do it! i love that thing! i like your hat! i like your shoes! (laughter) captioning sponsored by wpbt >> this...
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Feb 26, 2013
02/13
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and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think that even we slip into sequestration it will have the same dramatic effect that the fiscal cliff and the debt ceiling had. it is seen as somewhat temporary. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vul
and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think...
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Feb 12, 2013
02/13
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u.s. economy. we preview the economic state of the union. why regulators need to treat them like other business. then u.s. airways sees big benefits in merging with american airlines. we look at the new landscape for airlines if the deal goes through. we have that anmore tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. while there are signs of improvement in the economy, the unemployment rate rose in january to 7.9%. so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downs
u.s. economy. we preview the economic state of the union. why regulators need to treat them like other business. then u.s. airways sees big benefits in merging with american airlines. we look at the new landscape for airlines if the deal goes through. we have that anmore tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they...
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437
Feb 27, 2013
02/13
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. i'm sorry, there's something on your nose. it's a white...thing. he's my brother and he's no liar, so back off, francine. great...cut! (laughter) i know you like playing games, and i always try to do my best. so go to pbskidsgo.org and play awesome electric company games and earn points r your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? >> this is nbr. captioning sponsored by wpbt >> tom: i'm tom hudson. susie is off tonight. federal reserve boss ben bernanke shows signs that the central bank will continue buying government bonds to help support the economy. the housing recovery continues building ground, with new home sales and home prices hitting multi-year highs. and the banking business may have fewer employees, but wall street bonuses are up, rising nearly 10% on average. tonight, a closer look at banking jobs. that and more tonight on nbr! the fed
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. i'm sorry, there's something on your nose. it's a white...thing. he's my brother and he's no liar, so back off, francine. great...cut! (laughter) i know you like playing games, and i always try to do my best. so go to pbskidsgo.org and play awesome electric company games and earn points r your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for?...
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Feb 15, 2013
02/13
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the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online to pbskidsgo.org and you can take clips from the show make your own video, music video, or even a video about me, manny spamboni! now go, so i can watch it! (cackling) we've been walking for a half hour and we only got from the see slide to the... (laughter) you are not you're -- (laughter) nice! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib. tom is off tonight. hungry for a deal, warren buffett partners up to buy up ketchup maker heinz in a $28 billion deal. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is
the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online to pbskidsgo.org and you can take clips from the show make your own video, music video, or even a video about me, manny spamboni! now go, so i can watch it! (cackling) we've been walking for a half hour and we only got from the see slide to the... (laughter) you are not you're -- (laughter) nice! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib....
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in january, the u.s. mint temporary suspended sales of 2013 american eagle silver coins, because it ran out of them. a mind-boggling seven-and-a-half million coins were purchased in january; the biggest month on record. the total was just one and a half million ounces the month before. over six million coins were sold in january of last year. yes, there's always strong collector interest at the start of every new year. but this year, there's also strong demand from silver investors, and traders. >> this year, for the last three months, all i've been hearing down here is i want to buy silver coins. i want to buy silver coins. >> reporter: some are buying silver out of fear about inflation. specifically, they worry the federal reserve's efforts to boost the economy will devalue the dollar, so they want to own alternative currencies. but silver doesn't just benefit from safe-haven buying, it's also an industrial commodity. it's used in automobile manufacturing. and many automakers are forecasting increased g
in january, the u.s. mint temporary suspended sales of 2013 american eagle silver coins, because it ran out of them. a mind-boggling seven-and-a-half million coins were purchased in january; the biggest month on record. the total was just one and a half million ounces the month before. over six million coins were sold in january of last year. yes, there's always strong collector interest at the start of every new year. but this year, there's also strong demand from silver investors, and...
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Feb 6, 2013
02/13
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. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture those
. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago...
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Feb 6, 2013
02/13
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the u.s. state department spokesperson expressed her concern over the incident. >> actions such as this escalate tensions and increase the risk of an incident or a miscalculation, and they could undermine peace, stability, and economic growth in this vital region. so we are concerned about it. >> u.s. officials have been increasingly uneasy about rising tensions in the area. >>> military analysts are trying to figure out what the chinese are trying to do. bonji ohara is a former navy captain with japan's self-defense forces. he says the chinese sent a clear message. >> it is a serious thing. if the radar is the fire-control radar, can control the weapon, usually a battlhipas that kind of radar, one is searching radar, for navigation. one is for the targeting, control weapon radar. this is the fc radar. this time chinese side used this fc radar. it means they showed to the ship they have the intention to attack the japanese ship. so it is very serious and danger. i think the -- there are two ss
the u.s. state department spokesperson expressed her concern over the incident. >> actions such as this escalate tensions and increase the risk of an incident or a miscalculation, and they could undermine peace, stability, and economic growth in this vital region. so we are concerned about it. >> u.s. officials have been increasingly uneasy about rising tensions in the area. >>> military analysts are trying to figure out what the chinese are trying to do. bonji ohara is a...
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Feb 16, 2013
02/13
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i think part of the whole reason that the u.s., i'm sort of an amateur student of the u.s. automobile industry. i think part of the reason that it ran into trouble was way before the 1970s. it was because the founders of those companies had relinquished the reign reins to businesspeople, not product people. >> rose: buzz as soon as you say that, i would make this observation. look what happened to ford. >> yes. >> rose: c.e.o. of ford. >> yes, yeah. >> rose: -- grew newspaper the car business, was not an engineer but was a superb manager. and grea sensibily for product. and i think-- . >> rose: yeah. >> and i think that's the element that gets missed a lot of the time. in these management turnovers. and particularly for technology company. you absolutely have to have as the guiding force of an abiding enduring technology company, a person or people at the helm who have products in their dna. >>os yeah. >> who love, who are crazed by the idea of making that thing better. >> better. >> the best. or making it better or the best or have this inventive desire like larry page for
i think part of the whole reason that the u.s., i'm sort of an amateur student of the u.s. automobile industry. i think part of the reason that it ran into trouble was way before the 1970s. it was because the founders of those companies had relinquished the reign reins to businesspeople, not product people. >> rose: buzz as soon as you say that, i would make this observation. look what happened to ford. >> yes. >> rose: c.e.o. of ford. >> yes, yeah. >> rose: --...
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Feb 20, 2013
02/13
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. office depot and office max could be the next big wall street merger. what this year's mergers means for the markets. >> susie: i'm susie gharib. dell's financial outlook in the spotlight today not only because it reported a big drop in sales and profits, but also more questions on how founder michael dell will take his company private. >> tom: and president obama makes another push to avoid government spending cuts as deficit watchdogs roll out a plan to duce government debt. >> susie: we have that and more tonight on "n.b.r." hope and optimism here on wall street today; inve
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. office depot and office max could be the next...
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Feb 6, 2013
02/13
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he was the target of a u.s. drone strike in yemen. >> the death of al-awlaki is a major blow to al qaeda's most active operational affiliates. he took the lead in planning and directing effortings to murder innocent americans. >> reporter: u.s. officials say al-awlaki inspired the fort hood shooter in 2009 and the failed bombing of a detroit airliner that christmas among other attempted attacks. three other americans, including al-awlaki's 16-year-old son, have so been killed by u.s. drone strikes in yemen. civil liberties groups have said such attacks deprive u.s. citizens of constitutional due process protection. but white house press s.e.c. jay carney justified those actions today as legal, ethical, and wise. >> the questions around this issue are important and the president takes them seriously. we have significant challenges because of the nature of the attacks, how they're planned, who plans them. but the is no question that senior operational leaders of al qaeda are continually planning to attack the unit
he was the target of a u.s. drone strike in yemen. >> the death of al-awlaki is a major blow to al qaeda's most active operational affiliates. he took the lead in planning and directing effortings to murder innocent americans. >> reporter: u.s. officials say al-awlaki inspired the fort hood shooter in 2009 and the failed bombing of a detroit airliner that christmas among other attempted attacks. three other americans, including al-awlaki's 16-year-old son, have so been killed by...
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Feb 15, 2013
02/13
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WETA
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investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to something. >> international investing has had a bad reputation over the last couple of years had a bad experience, p
investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >>...
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Feb 7, 2013
02/13
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. >> reporter: although the u.s. economic recovery stalled out at the end of last year, there's hope for a rebound this year. at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity
. >> reporter: although the u.s. economic recovery stalled out at the end of last year, there's hope for a rebound this year. at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at...
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the u.s. postal service is dropping saturday letter deliveries to save billions. >> tom: i'm tom hudson. fresh pain at the pump. american drivers see a steep jump in gas prices: up 15 cents a gallon in the past week alone. >> susie: and the federal reserve says it's been hit, by cyber hackers. we look at u.s. businesses and just how safe their networks are. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. postal service says this summer it will stop delivering mail on saturdays, ending a service that began 150 years ago. cutting back to a five-day a week schedule will save $2- billion. the post office has been losing about $20 million a day, as e- mail useage ramps up and mail volume plunges. congress has required the post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable prod
the u.s. postal service is dropping saturday letter deliveries to save billions. >> tom: i'm tom hudson. fresh pain at the pump. american drivers see a steep jump in gas prices: up 15 cents a gallon in the past week alone. >> susie: and the federal reserve says it's been hit, by cyber hackers. we look at u.s. businesses and just how safe their networks are. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. postal service says this summer it will...
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Feb 7, 2013
02/13
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the u.s. postal service is dropping saturday letter deliveries to save billions. >> tom: i'm tom hudson. fresh pain at the pump. american drivers see a steep jump in gas prices: up 15 cents a gallon in the past week alone. >> susie: and the federal reserve says it's been hit, by cyber hackers. we look at u.s. businesses and just how safe their networks are. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. postal service says this summer it will stop delivering mail on saturdays, ending a service that began 150 years ago. cutting back to a five-day a week schedule will save $2- billion. the post office has been losing about $20 million a day, as e- mail useage ramps up and mail volume plunges. congress has required the post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable prod
the u.s. postal service is dropping saturday letter deliveries to save billions. >> tom: i'm tom hudson. fresh pain at the pump. american drivers see a steep jump in gas prices: up 15 cents a gallon in the past week alone. >> susie: and the federal reserve says it's been hit, by cyber hackers. we look at u.s. businesses and just how safe their networks are. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. postal service says this summer it will...
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Feb 22, 2013
02/13
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what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still below normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in china with the consumer there who is kind of been pushed and pulled between stim lutz and pulling back the stimulus from beijing? >> that is an area that we do like. besides the long-term secular growth of rising wealth in china, we also now have a new leadership in place in china and that's given more confidence to the chinese consumer, and we think we're going to see continued growth in that parent of the global economy. >> tom: you've described this as a barbell approach. on one end the united states, on the other end you like china. that's leading you to technology. xlk is the ticker symbol. why do you
what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still below normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in...
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Feb 26, 2013
02/13
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WETA
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pehohe fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green.pe the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this." >> although a long period of low rates could encourage excessive risk taking, and continued close attention to such developments is certainly warranted, to this point, we do not see potential costs to the increased risk- taking in some financial markets is outweighing the benefits of promoting a stronger economic recovery and more rapid job creation. >> reporter: with unemployment stuck around 8% and inflation subdued at 1.5%, there are no economic red lights flashing. so bernanke gave no signals he was ready to change course or back away from his aggressive program to get the economy back
pehohe fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green.pe the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this."...
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Feb 15, 2013
02/13
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WMPT
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the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has
the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren...
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Feb 27, 2013
02/13
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KQED
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fourth quarter earnings, reported by most u.s. companies in january, were stronger than expected. let's be clear-- they weren't huge numbers. but it's the element of surprise-- in this case, positive-- that matters most for stock investors. so here comes another surprise in the land of corporate scorecards. it looks like first quarter results will be pretty bumpy. we know this because companies are red-flagging their upcoming performance, a move known as guidance. >> so far, we've received 80 negative guidance and only 19 positive, which brings us to a negative-positive ratio of 4.2%. this is the weakest showing in over a decade. >> reporter: as a result, analysts have slashed q-1 earnings estimates. right now, s&p 500 firms are expected to enjoy only a 1.5% increase in profits. back in october, those same analysts were forecasting a more respectable 7% gain. it turns out several factors are behind corporate america's changing profit picture. >> in addition to the typical reasons, which is worries in europe, we're also seeing that companies are citing restructuring related costs,
fourth quarter earnings, reported by most u.s. companies in january, were stronger than expected. let's be clear-- they weren't huge numbers. but it's the element of surprise-- in this case, positive-- that matters most for stock investors. so here comes another surprise in the land of corporate scorecards. it looks like first quarter results will be pretty bumpy. we know this because companies are red-flagging their upcoming performance, a move known as guidance. >> so far, we've...
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Feb 15, 2013
02/13
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KQED
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so, while u.s. airways might lose some, they might actually get some enhancements, as well. >> reporter: but before loyalty programs can be combined, regulators will have to approve the merger. at least one antitrust expert thinks it's a done deal. >> yes, i think the merger is going to be approved because it's taking two competitors who aren't as effective in competing right now, allowing them to consolidate, create significant efficiencies, and those efficiencies will lead to lower prices and better service for consumers. >> reporter: we'll have a better idea if that prediction holds true when and if the deal closes sometime this summer. suzanne pratt, "n.b.r.," new york. >> susie: our next guest says the u.s. airways and american airlines merger is a positive for the industry and travelers. he's ray neidl, airline analyst at nexa capital. ray, if this is such a positive for the industry, why is it that all of the airline stocks were down today? >> well, i have been telling people about u.s. air w
so, while u.s. airways might lose some, they might actually get some enhancements, as well. >> reporter: but before loyalty programs can be combined, regulators will have to approve the merger. at least one antitrust expert thinks it's a done deal. >> yes, i think the merger is going to be approved because it's taking two competitors who aren't as effective in competing right now, allowing them to consolidate, create significant efficiencies, and those efficiencies will lead to...
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Feb 5, 2013
02/13
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WMAR
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. >> reporter: they are being blamed for pushing the u.s. economy to the brink. calling the conduct e dpreeious, eric holder said they lied about the value of financial security. >> we allege by knowingly issuing ratings which misrepresented the credit worthiness, s&p misled investors. >> reporter: he said they were driven by profits. the result is from a four-year investigation by two government lawyers who also accused s&p bosses of ignoring warnings from the staff. they said that proves s&p new they were giving high ratings to mortgages that were virtually worthless. >> it's sort of like buying sausage from your butch are. he assures you this was made fresh that morning and safe. what he doesn't tell you -- what he doesn't tell you is it was made with meat he knows is rot ton. >> reporter: he said the doj lawsuit is without factual or legal merit, adds that could predict it. >> this is first amendment speech. we're protected. >> reporter: questions have been raised why the government is singling out s&p, implying it could be because of the downgrading of the c
. >> reporter: they are being blamed for pushing the u.s. economy to the brink. calling the conduct e dpreeious, eric holder said they lied about the value of financial security. >> we allege by knowingly issuing ratings which misrepresented the credit worthiness, s&p misled investors. >> reporter: he said they were driven by profits. the result is from a four-year investigation by two government lawyers who also accused s&p bosses of ignoring warnings from the staff....
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Feb 17, 2013
02/13
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WBAL
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the number of u.s. homes entering the folk process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well, says housing barren sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob hormats is vice president of goldman sachs international. at the state department making the case for american companies overseas. bob, it's good to see you again. >> great to be back on your show. >> let me begin on sort of this front and center issue that we're all talking about and that is sequestration that this mandatory spending cuts that are going to take effect on march 1st, i realize we don't know what's going to happen. but what's the impact if sequestration happens? do you think the economy slows down? >> well, it will
the number of u.s. homes entering the folk process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well, says housing barren sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob...